Profit performance

QUARTERLY PROFIT (NOK million)	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019
Net interest income	95	101	69	81	82
Other operating income	0	0	4	-5	-4
Total operating costs	12	12	14	12	12
Profit before impairment on loans	83	89	59	64	66
Impairment on loans	-1	-1	0	3	1
Pre tax profit	84	90	59	61	65
Tax	18	20	13	13	4
Profit after tax	66	70	46	48	61

As a percentage of average assets:
Net interest income	1.31	1.32	0.93	1.24	1.21
Other operating income	0.00	0.00	0.05	-0.07	-0.07
Total operating costs	0.17	0.16	0.18	0.18	0.17
Profit before impairment on loans	1.14	1.16	0.80	0.99	0.97
Impairment on loans	-0.02	-0.01	0.00	0.05	0.01
Pre tax profit	1.16	1.17	0.80	0.94	0.96
Tax	0.26	0.26	0.17	0.20	0.06
Profit after tax	0.90	0.91	0.63	0.74	0.90

Average total assets (NOK million)	29 043	30 443	29 473	26 293	26 891

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.12.2020	31.12.2019
Net interest income	345	308
Other operating income	-1	-3
Total operating costs	49	45
Profit before impairment on loans	295	260
Impairment on loans	1	-11
Pre tax profit	294	271
Tax	64	49
Profit after tax	230	222

As a percentage of average assets:
Net interest income	1.20	1.21
Other operating income	0.00	-0.01
Total operating costs	0.17	0.18
Profit before impairment on loans	1.03	1.02
Impairment on loans	0.00	-0.04
Pre tax profit	1.03	1.06
Tax	0.22	0.19
Profit after tax	0.81	0.87

Average total assets (NOK million)	28 813	25 460